Managerial Dilemmas The Political Economy of Hierarchy

Name: Managerial Dilemmas The Political Economy of Hierarchy
Price: 6.75 USD
Availability: InStock
ISBN: 9780521457699

ISBN-10: 0521457696

ISBN-13: 9780521457699

Edition: N/A

Authors: Gary J. Miller, Randall Calvert, Thrainn Eggertsson

List price: $34.99

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Description:

In organization theory a schism has developed between the traditional organizational behavior literature, based in psychology, sociology and political science, and the more analytically rigorous field of organizational economics. The former stresses the importance of managerial leadership and cooperation among employees, while the latter focuses on the engineering of incentive systems that will induce efficiency, and profitability, by rewarding worker self-interest. In this innovative book, Gary Miller bridges the gap between these literatures. He demonstrates that it is impossible to design an incentive system based on self-interest that will effectively discipline all subordinates and…

Book details

List price: $34.99
Publisher: Cambridge University Press
Publication date: 9/24/1993
Binding: Paperback
Pages: 276
Size: 6.00" wide x 9.00" long x 0.75" tall
Weight: 1.056
Language: English



List of tables and figures


Series editors' preface


Acknowledgements



Why Have Hierarchy?



Market failures and hierarchical solutions: the tension between individual and social rationality



Bargaining failure: coordination, bargaining, and contracts



Voting failure: social choice in a dictatorial hierarchy



Managerial Dilemmas



Horizontal dilemmas: social choice in a decentralised hierarchy



Vertical dilemmas: piece-rate incentives and credible commitments



Hidden action in hierarchies: principals, agents, and teams



Hidden information in hierarchies: the logical limits of mechanism design



Hierarchical failures and market solutions: can competition create efficient incentives for managers?



Cooperation and Leadership



The possibilities of cooperation: repeated vertical dilemmas



The indeterminacy of cooperation: conventions, culture, and commitments



The political economy of hierarchy: commitment, leadership and property rights


Epilogue: politics, rationality, and efficiency


References


Name index


Subject index